← News Fri Apr 4, 2014 - 10:23 am - 0 comments

Digicel closes financing

Digicel-Building

The telecom provider, Digicel Group expects to raise over US$546 million ($60 b) in a bond offer to refinance existing debt.

It’s the latest financing drive for the Irish owned telecom currently preparing to invest in Myanmar (Burma).

“Digicel Group received and accepted for purchase $546.49 million aggregate principal amount, or 70.52 per cent of its outstanding 10.5 per cent senior notes due 2018,” stated the company in an April dated release obtained by Caribbean Business Report.

Digicel intended to raise up to US$865 million ($94.3 b) in a private placement for financing and working capital purposes, according to March issued company releases.

Published in the Jamaica Observer
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